5. Powers of the Corporation

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do.

perform and execute all such acts and matters as are necessary or desirable for the promotion or furtherance of the objects of the Corporation or any one of them, including the power-

(a)

to purchase, acquire. rent. construct and otherwise obtain lands or buildings which may be required for the purposes of the Corporation ;

(b)

to raise funds and receive grants. gifts br donations in cash or kind ;

(c)

to make, draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques.

promissory notes and other negotiable instruments and to open, operate, maintain and close accounts in any bank;

(d)

to invest any funds that are not immediately required for the purposes of the Corporation, in such manner as the Council may detennine;

(e)

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and exercise disciplinary control over them and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ;

(f)

to train personnel in Sri Lanka or abroad for the purpose of the Corporation ; and

(g)

to do all other things as art! necessary or expedient for the proper and effective carrying out of tht:

objects of the Corporation.

K. R. G. Wijesundara Nmional wul Employees 5

Welfare Fo1111datio11 ( lnc01poratio11)

Act, No. 19 of 2008

Read on from s 6